How To Save Money As A Parent

A picture of a mother and her children
A picture of a mother and her children
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Now that prices of goods and services continue to increase. I take you through 6 essential money-saving tips on how you can save money as a parent.

It’s no secret that living in the UK has become more expensive in recent years. The cost of living is higher, yet many people’s wages haven’t increased to match those higher bills. As you can imagine, even the most financially comfortable people feel the pinch nowadays.

It should come as no surprise that more parents, especially those with young kids and babies, struggle to make ends meet, so don’t worry if you feel like you’re in a similar position.

The good news is you can take some actionable steps to save money for your family and not feel like you have to struggle every day. Take a look at the following money-saving life hacks that all parents need to know:

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1. Plan Your Meals Around Supermarket Deals

There’s no denying that having meal plans can help organise your days and ensure you don’t have to think about what to cook for your family’s meals. You can simply check what’s on the menu for today, get your ingredients, and start cooking.

However, that doesn’t work well if you’re concerned with the rising cost of food. One way around that problem is to plan your meals around supermarket deals. In a nutshell, taking advantage of bulk-buy offers can save your family lots of money on food.

When you do your weekly grocery shop, simply take advantage of special offers on ingredients. Some supermarkets might even have deals when providing recipe ideas on specific meals, and it makes perfect sense to plan your meals around such promotions.

2. Compare Prices Online

You probably already know that it’s a good idea to compare the prices of significant purchases online before you buy anything. But, if it’s something you seldom do because you don’t have much time, it can cost you more than you think.

For example, if you’ve got a baby on the way and you’re planning to furnish their nursery, look at cots and cot beds at Cuckooland and other websites before considering where to buy. You’ll save a lot of money by following such an approach.

3. Use Cashback Websites

Sticking on the subject of online money-saving, make sure you use cashback websites like Top Cashback and Quidco. If you buy items online, even your weekly grocery shop, you can get cash back on those purchases.

Another advantage of using such sites is they often have voucher codes you can enter into the checkout stage of an online purchase. Such codes can lower the cost of what you’re buying or even offer a freebie, such as free delivery or a free gift.

The beauty of using cashback websites is they’re free to use.

4. Buy Gifts During Seasonal Promotions

There will be times when you need to buy presents for your children, such as birthdays and Christmas. You may even want to give gifts to your kids for reaching certain milestones in their lives, such as starting new terms at school.

Parents often make the mistake of buying gifts near to the times of those events. While it’s possible to save money by using cashback websites, it makes more sense to purchase gifts during seasonal promotions.

For example, most retailers have Black Friday and Cyber Monday events, and some run them before and after those retail events. When you stick to buying gifts during promotional events, you can save a significant amount of money.

5. Buy Clothing During The Off-Season

There’s no denying that kids grow quickly, and so too will their clothing needs. As a parent, you’ll constantly buy them new things and will doubtless want to make your money go further.

One way to cut down on your clothing expenditure is by purchasing what they need during the off-season. For example, you can buy summer clothes in larger sizes that will fit your children next year when it’s autumn.

6. Do Home Exchanges For Family Holidays

It can be pretty expensive for even a family of two to go on a holiday abroad. Of course, fewer families are doing that right now due to the COVID-19 pandemic, and so most families prefer to have staycations and holidays in the UK.

As you can appreciate, hotels and B&Bs are expensive, and not all families want to stay in a tent at a campsite somewhere. But, more families are opening up to the idea of home exchanges with other families.

In a nutshell, home exchanges are where families swap houses for an agreed time and agree to look after each person’s properties. It’s an affordable and fun way to go on a UK-based holiday.

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